Drop in UAE gold prices and Diwali led to the best gold sales weekend in 2022
Online is finally making its presence felt in the UAE’s gold and jewellery market, with the recent ‘Dhanteras’ and Diwali…
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Abu Dhabi's Aldar Properties' nine-month sales of Dh9.3b is already Dh2b over full-year 2021
There is no holding back Aldar Properties, which has just delivered its ninth consecutive quarter of ‘record-breaking’ sales. In the…
National Bank of Fujairah posts 155.1% rise in nine-month net profit
National Bank of Fujairah recorded Dhs230.7m in net profit for the first nine months of the year, growing 155.1 per…
Saudi Aramco sets up $1.5bln sustainability fund
Oil giant Saudi Aramco has set up a $1.5 billion sustainability fund to invest in technologies that can support net-zero…
UAE tops list of FDI senders to Egypt, says Egyptian PM
The UAE's foreign direct investment (FDI) in Egypt rose to US$ 4.6 billion in the first nine months of the…
Dubai’s biggest lender Emirates NBD posts 51% rise in Q3 net profit
Emirates NBD, Dubai’s biggest lender, has posted a 25% year-on-year (YoY) rise in net profit on the back of strong…
MENA debt issuances plunged 80% YTD to $18.3bln
MENA debt issuance amounted to $18.3 billion year-to-date (YTD) in 2022, plumetting 80% from the value recorded in the year-earlier…
Mashreq Bank Q3 profit jumps to $326.7mln
Dubai-listed Mashreq Bank has reported a profit of AED 1.2 billion ($326.7 million) for the third quarter of 2022, up…
WhatsApp services down for thousands of users
WhatsApp, the popular instant communication app owned by Meta, is reportedly facing an issue. Users in the UAE and many…
Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative
Saudi Arabia signed six memoranda of understanding in energy, quality of life, defence industries, transportation biotechnology, and finance, according to…
First Abu Dhabi Bank CFO James Burdett retires
The UAE’s biggest lender First Abu Dhabi Bank said its group chief financial officer, James Burdett, has decided to retire…
FAB's nine-month profit jumps 19% on lower provisions and higher interest income
First Abu Dhabi Bank, the UAE’s largest lender by assets, said net income for the first nine months of the…